Subscription and Directors’ Holdings
Company raised £10.3m through subscription of 3.2m shares at £3.25 per share.
- Subscription proceeds £10,341,542.25
- New ordinary shares issued 3,182,013
- Issue price per share £3.25
- Total ordinary shares after admission 259,649,448
- Dilution to existing shareholders 5.46%
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Subscription and
| The Smarter Web Company (AQUIS: SWC | OTCQB: TSWCF) is pleased to announce a Subscription at the closing bid price on 08 July 2025. |
The Subscription has raised £10,341,542.25 (before expenses), through the issue of 3,182,013 new ordinary shares of £0.001 each ("Ordinary Shares") at £3.25 per share.
It is expected that Admission of the new Ordinary Shares will become effective at 08:00, on or around 14 July 2025. The Subscription is conditional upon, among other things, Admission becoming effective.
The Subscription Ordinary Shares, when issued, will be fully paid and will rank pari passu in all respects with each other and with the existing Ordinary Shares of the Company, including, without limitation, the right to receive all dividends and other distributions declared, made or paid after the date of issue.
Total Voting Rights
Following Admission, the total number of Ordinary Shares in issue in The Smarter Web Company will be 259,649,448 ordinary shares of £0.001 each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Directors Share Holdings
Following recent fundraising activities (summarised below), the Company announces updated percentages relating to the Directors' share holdings.
- A Subscription Agreement, updated 07 July, where 14 million shares have now been admitted to the Access Segment of the Aquis Stock Exchange Growth Market and proceeds will be announced once all shares have been successfully placed. Shares cannot be placed below the previous days closing bid price. Other terms are as per the 19 June announcement
This has resulted in a dilution of 5.46% for existing shareholders, including the Directors, offset by the proceeds of the 14 million shares when proceeds will be known.
| Name | Holding Before | Holding After | % Before | % After |
|---|---|---|---|---|
| Andrew Webley & Family (including those held by Joanna Webley) | 27,418,732 | 27,418,732 | 11.31% | 10.69% |
| Tyler Evans | 960,000 | 960,000 | 0.40% | 0.37% |
| Mario Visconti (including those held as 123 Accounting Solutions Ltd) | 950,000 | 950,000 | 0.39% | 0.37% |
| Sean Wade & Family (including those held as Keysford Ltd) | 767,346 | 767,346 | 0.32% | 0.30% |
| Visit our website: https://www.smarterwebcompany.co.uk | ||||
| Follow us on X: https://x.com/smarterwebuk | ||||
| The Smarter Web Company CEO Andrew Webley | +44 (0) 117 313 0459 | |||
| Tennyson Securities Lead Broker Peter Krens | +44(0) 207 186 9030 | |||
| Peterhouse Capital Limited Aquis Stock Exchange Corporate Adviser Guy Miller Aquis Stock Exchange Corporate Broker Lucy Williams / Duncan Vasey | +44 (0) 207 469 0930 | |||
The Company's LEI is 213800VQO9FUG4PZMP73.
The Directors of the Company accept responsibility for the contents of this announcement.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.